Fantom (FTM) price is focused on the next milestone: the golden bag

Fantom (FTM), known for its high speed and low transaction costs, is the focus of our current analysis. We focus on FTM price prediction for the near future. In this article we present an analysis of FTM from our premium environment and focus on the near future.

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Technical Analysis Phantom (FTM) price.

According to analysts at Crypto Insiders, Fantom is a coin with a bright short-term future. They recently shared the following in the Premium environment:

“We believe the prospects for FTM are promising. The coin has shown a strong bounce from the blue support zone located between $0.2874 and $0.3212. This development corresponds to our expectations; We were already expecting a rise from this zone and now we are seeing that happen.

We now focus on the next important milestone: the golden bag. It lies between the 61.8% and 66% Fibonacci levels or between $0.4694 and $0.4805. We assume that the current increase in this area will continue.

However, it is important to remember that we are in a downward correction wave for the longer term. This means that we can expect a further decline after reaching the golden bag.

But as always, every market movement presents opportunities. We plan to use this expected decline to strategically adjust our positions and take advantage of volatility.”

Date of analysis: January 28th. Link to trading view:

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